Responsive Industries to consider allotment of CCDs on Mar 003, 2009

Responsive Industries Ltd has announced that a meeting of the Board of Directors of the Company will be held on March 03, 2009, inter alia, to consider the allotment of 7000 (Seven Thousand Only) 0% Compulsorily Convertible Debentures (CCDs) at a face value of Rs 1,00,000 (Rupees One Lakh only) convertible into 14,00,000 Equity Share of Rs 10 each at a price of Rs 510 (Rupees Five Hundred & Ten Only) per share being the price which is in accordance with the Securities and Exchange Board of India (Disclosure and Investors Protection) Guidelines, 2000 (SEBI DIP Guidelines), on preferential basis.

Source : Equity Bulls

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